Alpine Capital

Typical Investment Characteristics

Real Estate Investment	Purchase a value add investment property in Sioux Falls or the surrounding area
Monetary Investment	$50,000/Class A Unit
Ownership Structure	70% ownership for Class A members/30% ownership for Class B Members
Preferred Return	8% cumulative, non-compounded, for Class A Members
Management	Alpine Real Estate Companies will handle the day to day asset management
Exit Strategy	7-10 year holding period
Targeted Return	13-15% annual cash on cash return

Fund 1, closed in January 2020	6 units in Sioux Falls, $120,000 raised, $225,000 purchase price
Fund 2, closed in July 2020	24 units in Sioux Falls, $660,000 raised, $2,225,000 purchase price
Fund 3, closed in February 2021	42 units in Sioux Falls, $800,000 raised, $1,875,000 purchase price
Fund 4, closed in August 2021	48 units in Sioux Falls, $1,125,000 raised, $4,400,000 purchase price
Fund 5, closed in December 2021	14 multi family units and 6 office condos in Sioux Falls, $1,175,000 raised, $3,850,000 purchase price
Fund 6, closed in July, 2022	Purchased 7.4 acres to construct 108 multi family units in Harrisburg, $5,750,000 raised.